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Supplemental Addendum FdaNO 5132175- 1
<br />BMWLF__ .Erin_CunNngham —
<br />Pr4perty AdftS 1420 5th St NW _ —
<br />C4 Elk RNer Gaknty SNertnune Stat h1N zip 000 s533o
<br />tarderANNO The $mk of Eik River
<br />The following is a detailed rational for significant adjustments:
<br />• Sales/Financing concessions adjustments relate to any concessions made by the seller. It is
<br />common/typical for the seller to pay up to 3% of the purchase price towards the Buyer's closing
<br />costs, points, prepaids, etc. Comparables were reviewed for discrepancies. Concessions were
<br />adjusted if noted to have impacted sate price.
<br />• Site adjustments are based on land sates comparison.
<br />• Age is not adjusted far as weight was given to eandition.
<br />• Above ground bedrooms were not adjusted for due to the lack of measurable difference extracted
<br />from the market for differences in room count.
<br />• GLA are market extracted and adjusted as a percentage of the more predominant overall
<br />price/square floor of GLA. The adjustment is applied anly if the comparable differs in Gi.A from the
<br />subject property by +/- 50 square feet.
<br />+ Basement site and finished basement area are separately listed on the grid, Finished area is
<br />adjusted as a percentage of the comparable sale's price. Adjustments are market extracted and
<br />applied only if the comparable differs in s4e from the subject property by +/-100 square feet.
<br />• Garages are adjusted at $10,000 per stall based on market extraction,
<br />• Porch/Patio/Deck adjustments were derived by market extraction methods and were based on size
<br />and quality,
<br />Additional Amenities to include sprinklers, sheds, fences, detached garages/shops, and all other
<br />external amenittes are adjusted based on size and quality.
<br />Listings are being provided to show support of the current market conditions. No weight in determining
<br />value was given to these listings. 1004mc data and list price ratio data extracted from sold comparables
<br />were reviewed. It is the appraiser's opinion no list price ratio adjustment is necessary for active
<br />comparables.
<br />10. Sales Comparison Reconciliation:
<br />RrlirkneapoI is Nort hstar MLS was reviewed far similar comparalble pro pe rt les. Flve sold comparables
<br />were deemed the best market alternatives to the subject property, and were included for comparison,
<br />Camp arable one is the best market alternative available given the highest consideration for its location,
<br />split entry design style, construction quality, age, condition, room configuration, very similar GLA,
<br />basement design/finish, and garage sire.
<br />Comparable two is an excellent madket alternative given consideration for its recent date of sale,
<br />location & lot size, split entry design style, construction quality, condition/effective age, GLA, basement
<br />design/finish, and garage size, however, required adjustment for its slightly larger sire & basement
<br />finish.
<br />Comparable three is a good market alternative given consideration for its recent date of sale, location &
<br />lot size, split entry design style, construction quality, age, condition}effective age, roam configuration,
<br />GLA, basement design/finish, and garage size, however, required adjustment due to its larger size and
<br />basement finish.
<br />Comparable four is included for its recent date of sale, location & lot size, split entry design style,
<br />construction quality, age, room configuration, GLA, basement design/finish, and garage size, but given
<br />less consideration due to its slightly larger size/basement finish and inferior condition.
<br />Comparable five is included for its recent date of sale, location, split entry design style, construction
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